FOXNews.com: Weekly jobless aid claims little changed

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

Weekly jobless aid claims little changed Jun 21st 2012, 12:36 The number of people seeking U.S. unemployment benefits dipped last week but not by enough to indicate that hiring is picking up.  The Labor Department says weekly applications for unemployment aid declined by 2,000 to a seasonally adjusted 387,000. The four-week average, a less volatile measure, rose for the fourth straight week, to 386,250. That's the highest level since December.  Applications are a measure of the pace of layoffs. They have been edging up in recent weeks after falling steadily over the fall and winter. In the past six weeks, applications have increased nearly 5 percent. When applications fall below 375,000, it generally suggests hiring is strong enough to reduce the unemployment rate.  Hiring slowed sharply in April and May, raising concerns about the strength of the recovery.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions